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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mark who wrote (721)	3/13/1999 10:01:00 PM
From: wolfdog2	Respond to of 1602

Mark, tracking oil (or NG) prices isn't the issue. Predicting the direction is. These threads are littered with people who have tried and failed, myself included, to predict the direction of oil and NG prices over the last year.

To: Mark who wrote (721)	3/14/1999 2:11:00 AM
From: PuddleGlum	Read Replies (2) \| Respond to of 1602

Mark- You've had a number of fine, detailed posts lately which I have certainly appreciated. However, I'm one of those who got crushed trying to predict the price of these commodities with La Nina on the way. I guess that makes me litter... or trash <g>. For every country that decreases production there is another that will increase production to meet the need for hard cash at a slightly higher price, and consequently at the expense of the kind nation that decreased production. Nevertheless, this recent bottom in the market has me thinking that buying calls might be a good tactic at this time. Bitter taste, those calls. I just finished my taxes and I'll get a nice refund thanks to a ton of SFY calls that expired worthless. pg